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Goldman Sachs Bank plans contingent coupon CDs on Momentum Builder
By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Goldman Sachs Bank USA plans to price 0.5% contingent coupon certificates of deposit due Jan. 28, 2021 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a term sheet.
A contingent payment will be made each year that the index closes at or above its initial level on the determination date for that year.
The payout at maturity will be par plus any index gain or par if the index declines.
Goldman Sachs & Co. is the underwriter. Incapital LLC is distributor.
The CDs will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 38148DG81.
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